Today's picks- 20 November 2015

Nifty, Bank Nifty, Dr Reddy's, Tech Mahindra & Zee Entertainment

NIFTY
Current: 7,843 (futures: 7,858)
Target: NA
Stop-loss shorts at 7,925. Stop-long positions at 7,790. Big moves may go to 7,725, 7,975. There's big resistance at 7,850-7,875. But a long 7,900c (41), short 8,000c (16) gains 10-15 if the index hits 7,900.

BANK NIFTY
Current: 17,072 (fut: 17,092)
Target: NA
Stop-loss short positions at 17,200. Stop-loss long positions at 16,950. Big moves could go till 17,350, 17,800. Major resistances at 17,175-17,200 and support at 16,925-16,950.

DR REDDY'S
Current price: Rs 3,281
Target price: Rs 3,230
Keep a stop at Rs 3,310 and go short. Add to the position between Rs 3,240 and Rs 3,250. Book profits at Rs 3,220.

TECH MAHINDRA
Current price: Rs 534
Target price: Rs 525
Keep a stop at Rs 540 and go short. Add to the position between Rs 527 and Rs 529. Book profits at Rs 525.

ZEE ENTERTAINMENT
Current price: Rs 391
Target price: Rs 397
Keep a stop at Rs 388 and go long. Add to the position between Rs 395 and Rs 396. Book profits at Rs 397.

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Target prices, projected movements in terms of next session, unless otherwise stated